Exide Life Prospering Life Plus Plan

Exide Life Prospering Life Plus is a Unit Linked Insurance plan which aims to maximize wealth by capital market participation and at the same time, provide life insurance coverage

Best Investment Plans
  • Guaranteed Tax Savings

    Under sec 80C & 10(10D)
  • ₹ 1 Crore

    Invest 10k Per Month*
  • Zero LTCG Tax

    Unlike 10% in Mutual Funds

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

*Please note that the quotes shown will be from our partners
Top performing plans with High Returns*
Invest ₹10K/month & Get ₹1 Crore returns*
View Plans
Please wait. We Are Processing..
Plans available only for people of Indian origin By clicking on "View Plans" you agree to our Privacy Policy and Terms of use #For a 55 year on investment of 20Lacs #Discount offered by insurance company Tax benefit is subject to changes in tax laws
Get Updates on WhatsApp

Key Features

  • It is a unit linked plan with Regular and Limited Pay premium payment option
  • Under the Automatic Asset Re-balancing strategy, the allocated premium is invested in a pre-determined ratio between the Equity and Debt oriented funds. The ratio is rebalanced every year and the funds are invested majorly in debt oriented funds towards maturity to protect the returns against market fluctuations

The following 6 funds are available for investment

  • Exide Life Prime Equity
  • Growth Fund
  • Balanced Fund
  • Secure Fund
  • Exide Life Preserver
  • Exide Life Active Asset Allocation


  • Loyalty Additions as a % of Fund Value are added on death or maturity for premium rates equal to or higher than Rs.96,000
  • The insured will get the Fund Value including top-up Fund Value on Maturity
  • The Maturity Value can be taken partly in lump sum and partly in instalments over a period of 5 years starting at 20% and increasing by 20% every year
  • On death of the policyholder, higher of the Sum Assured including top-up Sum Assured or 105% of all premiums paid till death or Fund Value including top-up Fund Value is paid
  • Income tax benefit on the premium paid as per Section 80C and on claims under Section 10(10D) of the Income Tax Act.

Product Specification:




Entry Age (Last Birthday)

0 year

 55 years

Maturity Age (Last Birthday)

18 years

75 years

Policy Term (PT) in years



Premium Paying Term (PPT) in years

5 pay, 10 pay or Regular pay

Premium paying Frequency

Annual, monthly

Yearly Premium


No limit

Sum Assured

10*annual premium for ages<45 yrs. and 7*annual premium for ages>=45 years

Details about Premium

Annual Premium in Rupees and Benefit Illustration

Age (yrs.)


Policy term (yrs.)

PPT (yrs.)

Fund Value @ 4%

Fund Value @ 8%

























Policy Details

Grace Period: 15 days grace is allowed for premium payment in monthly mode and 30 days in annual mode failing which the policy lapses

Policy Termination or Surrender Benefit: Policyholder is allowed to surrender the policy after 5 completed years. If surrendered before 5 years, the fund value net of discontinuation charge will be credited to the Linked Discontinued Policy Fund where it will earn a minimum of 4% p.a. growth. After completion of 5 years, the fund value in the Discontinued Policy fund as on that date will be paid to the policyholder. If surrendered after 5 completed policy years, the entire Fund value on the date of surrender is paid without any charges

Free Look Period: If you would not be pleased with the coverage, and terms and conditions of the policy, you have the option of canceling the policy within 15 days of receipt of the policy documents, provided there has been no claim.


  • Partial withdrawals are allowed every year after 5 completed policy years with a minimum value of Rs.6,000
  • Unlimited free Switches are allowed every year for switching between funds
  • Unlimited free Premium Redirections are allowed for redirecting future premiums
  • Top-up premiums can be paid any time to increase the fund value with a minimum of Rs.6000
  • The corresponding top-up SA will be 1.25 times the top-up premium for ages<45 yrs. or 1.10 times for ages >=45 yrs.
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply


  • The benefit paid in case of suicide within 12 months of policy inception or revival is the fund value as on that date.

Documents Required

Policyholder has to fill up an ‘Application form/ proposal form’ with accurate medical history and submit KYC documents.

Ulip Insurer2
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Average Rating
(Based on 0 Reviews)
Ulip Insurer4
Ulip Insurer1

Ulip plans articles

Recent Articles
Popular Articles
ULIP vs Mutual Fund

30 May 2022

For a better financial future, it is extremely crucial to choose...
Read more
Bajaj Allianz ULIP Plan Calculator

18 Jan 2022

Bajaj Allianz ULIP calculator is a specifically developed tool...
Read more
Axis ULIP Calculator

18 Jan 2022

This Axis ULIP calculator is a specifically developed tool which...
Read more
SBI ULIP Plan Calculator

18 Jan 2022

This SBI ULIP calculator is a specifically developed tool that...
Read more
Bajaj Future Gain

24 Nov 2021

The Bajaj Future Gain plan is a unit-linked insurance plan that...
Read more
ULIP Calculator
A ULIP calculator is a specifically developed tool which helps the insurance buyers to calculate the premium...
Read more
SBI Life Smart Privilege Plan - All You Need to Know About Benefits & Features
One of the most trusted life insurance companies in India, SBI Life has recently come up with a new SBI Life...
Read more
ULIP Fund Returns
ULIP or Unit Linked Insurance plan  provides a combined benefit of investment and life cover. According to the...
Read more
11 ULIP Charges You Should Know About
Unit-Linked Insurance plan (ULIP) offers dual benefits of insurance and investment. Unlike traditional insurance...
Read more
ULIP vs Mutual Fund
For a better financial future, it is extremely crucial to choose an investment option that is best suited to you...
Read more

  • Zero% commission
  • No hidden charges
  • One click easy refund
  • 100% calls recorded
Invest ₹10k/month Get ₹1Cr
Tax free on maturity*
Mobile +91
*T&C Applied.
Download the Policybazaar app
to manage all your insurance needs.